Smithfield gets US security OK for Chinese takeover
Arab Today
The takeover of US pork giant Smithfield Foods by China's Shuanghui International Holdings has received approval from a key US national security review, the two announced Friday. The high-level Committee on Foreign Investment in the United States has approved the $7.1 billion deal, which would put the Chinese company in control of the world's largest swine grower and pork processor, they said.
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